Bitsgap allows traders to profit from multiple financial instruments by creating their custom algorithms that trade 24/7. The platform offers a smart strategy design alongside backtesting features to test your systems before going live. In this review, we will discuss all the possible features of Bitsgap that investors can use to automate their crypto trading.
About Bitsgap
Bitsgap was initially launched in 2017. They comprise a team of traders and security experts who have a global aim of easy automated crypto trading.
Bitsgap crypto trading bot: how does it work?
Bitsgap provides desktop and mobile access to manage your crypto portfolio. To start trading, traders need to follow the following steps:
- Sign up on the Bitsgap website
- Get your API key from the crypto exchange
- Enter it on the website for connecting your exchange with the platform
- The algorithm will start trading once the connection is secure
Key takeaways
The main characteristics and tools of Bitsgap are as follows:
- It allows you to create your dream strategy within a few clicks.
- Backtesting is available to test your strategies beforehand.
- Online cloud-based service with no downloads required.
- Tradingview charts to access your bot’s performance.
User interface
The trading on Bitsgap is all cloud-based. There is no need to download any software. Traders manage their portfolios using a user-friendly online dashboard accessible from mobile and desktop.
Trading strategy behind Bitsgap
Bitsgap features two kinds of algorithms, including:
- Grid
- Futures
They use averaging, overbought, and oversold strategies to trade. Market participants can also develop a custom algorithm of their choice.
How profitable is Bitsgap?
The platform allows traders to backtest their strategies before putting them on the live account. The system’s profitability depends on the employed indicators and the complexity of the code.
Safety and security of Bitsgap
Bitsgap has no withdrawal rights to your funds which are kept safe and secure in your exchange. It only requires trading privileges which is possible via read-only API keys.
Customer support
Traders can reach out to the support through their email address or Telegram channel. It is also possible to send a postcard to their location.
Reputation
The prospective customers give the platform an excellent rating of 4.5/5 on Trustpilot. One of the traders comments that Bitsgap is perfect for using trading algorithms. It allows traders to manage all of their platforms from a single location.
Team members
The main team members are: Maxim Kalmykov (CEO), Sergei Verbitski (COO), Jevgeni Adeev (CTO), Dmitri Laush (Chief Strategist), Anatoli Girenko (CFO), and Ervin Kougija (Customer Support). They provide a link to their LinkedIn profiles to verify their portfolios. There are 10 full-time developers and a marketing team working to produce the best crypto trading platform.
Exchange compatibility
Bitsgap supports the following exchanges:
- Binance
- Coinbase Pro
- Bitfinex
- Kraken
- Huobi
- Poloniex
- Bybit
- Bitvavo
- HitBTC
- Bittrex
- Kucoin
- Okex and more
Bitsgap pricing: is it worth your money?
Bitsgap can be purchased for an asking price of $29/month, allowing you to use 2 trading bots. For $69/month, traders can get 5 bots, including futures EA and trailing up and down algorithms. The pro package comes at $149 and allows traders to use 20 expert advisors, and it is possible to set a custom take profit for trades. A 7-day free trial is also available to test out the service.
Bitsgap review: upsides and downsides
The strength and drawbacks of Bitsgap are as follows:
Upsides | Downsides |
An easy-to-use and user-friendly interface | The live records for the algorithms are not available |
Multiple subscription packages | |
Safe and secure to use | |
Excellent rating on Trustpilot |
Bitsgap review: final remarks
Bitsgap supports multiple cryptocurrency exchanges and has an intuitive dashboard to help manage your trades. Traders can backtest their strategies and employ fully automated bots that work 24/7. The system also allows you to use the 2FA security layer to add a layer of protection to your funds.